Jump Crypto To Make Solana Validator Client Software To Enhance Performance
Solana network and Jump Crypto has recently collaborated to improve Solana network’s stability. Solana network especially this year has fallen prey to numerous network outages and congestion which has frequently caused slowing down of the network. Jump Crypto, a Web3 infrastructure developer and investor has decided to partner its efforts in order to improve decentralization […]
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Solana’s performance push picked up fresh momentum this week as engineers behind Firedancer, the alternative high-performance validator client spearheaded by Jump, filed a new Solana Improvement Document (SIMD-0370) to remove the network’s block-level compute unit (CU) limit—a change they argue is now redundant after Alpenglow and would immediately translate into higher throughput and lower latency […]
Jump Crypto has unveiled a new bug bounty initiative, targeting the inaugural release of Firedancer, a third-party Solana validator client. Developed by Jump Crypto, Firedancer v0.1, also known as Frankendancer, is set to enter an intensive security vetting phase, accompanied by a $1 million prize pool facilitated through the cybersecurity platform, Immunefi. Firedancer represents a […]
Solana, Bitcoin, Ethereum, and the broader crypto market experienced a tumultuous start to the week, with one of the most severe price crashes since the collapse of FTX. While macroeconomic factors were primarily responsible for this downturn, substantial sell orders from Jump Crypto, a division of the prominent Chicago-based quantitative trading firm Jump Trading Group, also played a significant role. In the 10 days leading up to the crash, Jump Trading transferred $277 million worth of ETH to various exchanges, significantly intensifying selling pressure across the cryptocurrency market.....
Solana’s network took a notable step this week as Firedancer, a validator client developed by Jump Crypto, began running on the mainnet, and markets reacted quickly. Related Reading: Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher According to Solana’s announcement, the client moved out of a controlled testing phase and is now active for real-world validation. Traders pushed SOL up about 5%, with the token trading close to $140 during the initial move. Firedancer Goes Live On Mainnet During more than 100 days of controlled tests, a small set of validators produced more than....
Solana’s Rust validator client Agave has matched Firedancer’s lab record, briefly peaking at 1.1 million transactions per second in a synthetic, single-node benchmark. The result was disclosed by Solana core engineer Andrew Fitzgerald, who wrote: “Hit a burst of 1.1m TPS on agave this morning. Single-node synthetic test with simple transfers. On a branch with […]